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College of Business

Economics

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Positions of responsibility in today’s world are usually held by individuals who have the capacity to analyze complex problems and make intelligent decisions. Learning economics will help students think logically and improve their ability to use economic concepts to analyze “real world” problems and opportunities. In addition to preparation for business and government agency employment, an economics major is excellent preparation for law schools, master’s of business administration programs, and graduate programs in economics, agricultural economics, and natural resource management. The economics department offers a Bachelor of Science degree in economics with specializations in managerial economics, general economics, and economic and business forecasting. Economics minors are offered to complement accounting, business administration, and other majors.

The BS in Economics has 3 specializations:

General Economics Specialization

Economics teaches valuable skills and problem-solving techniques that are highly valued in business and in government. Economists work in many sectors of the business including manufacturing, banking, insurance, and retailing, entertainment, technology and governmental agencies.
General Economics- This is the traditional Economics degree, and is comprised of 84-85 credits including 25 credits in pre-admission courses, 25 credits in required Economics courses, and 30 credits in elective 300-400 level Economics courses.

 

Economic and Business Forecasting Specialization

This specialization if for students who are interested in careers involving “big data”  research and analysis.  The ability to analyze large data bases to learn about customers, develop new products and cut costs has become a key to success in many industries.  A recently published report by McKinsey & Co. predicts a shortage of hundreds of thousands of positions related to “big data” analysis. It is a 107-108 credit program that includes 43 credits in pre-admission courses, 55 credits in required courses, and 4-5 credits in a communication course.   The required courses for this specialization include most of the Business Core classes that students majoring in Business Administration or Accounting  take.

 

Managerial Economics Specialization

This specialization is for students with an interest in either public or private sector employment, or to prepare for law school. It is a larger curriculum than the General Economics major, combining economics with accounting and finance courses that are useful in a business setting. It is a 97-98 credit program, including 43 credits in pre-admission courses, 30 credits in in required courses, 20 credits in upper-level Economics electives, and 4-5 credits for a Communications course.

 

 

   

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